International Finance
FIN-610 / 3 credits
Teacher: Hau Harald
Language: English
Remark: This course takes place at UNIGE - see schedule. If you would like to attend this course, please send an email to: edfi@epfl.ch to register
Frequency
Every year
Summary
This is a doctoral level course introducing students to important topics in international finance. It also covers aspects of the recent financial crisis, such as market contagions, regulatory arbitrage and failure, stability issues of a currency union and of the banking system.
Content
First, it familiarizes students with important issues in international finance. It covers a wide range of very different topics with "research potential", for example the stability of a currency union; speculative attacks and arbitrage; exogenous shocks and their real effects; issues related to finance, politics, and development; financial crisis and contagion; financial stability and regulation; exchange rate dynamics and international asset holdings.
A second important course objective is to educate doctoral students on what characterizes successful research in terms of the question asked, the available data structure, the execution strategy, and overall relevance of the findings. Each student is expected to give multiple presentation from a list of recent research paper and evaluate why a particular paper deserved publication and was impactful.
There is no text book for this course. The course material draws on a number of academic papers. The papers are available on the web.
I. Course Introduction
II. The Euro Crisis
III. Exchange Rate Dynamics and International Asset Holdings:
IV. Speculative Attacks and Arbitrage
V. Exogenous Shocks and their Real Effects
VI. Finance, Politics and Development
VII. Financial Crisis and Contagion
VIII. Economic Preferences, Genetics, and Psychology
IX. Financial Stability and Regulation
Alternative Topics:
X. Finance Research on Behaviors Finance and FinTech
XI. International Asset Pricing: Theory and Tests
XII. Research on China
Teaching methods
In each class, students will present their set of papers together with a summary, critique and potential research ideas for further work on the topic of the papers. The presentation is 30 minutes. Each student will be responsible for two or three papers. The instructors will assign the papers.
This course takes place at UNIGE see schedule
Assessment methods
Class participation (50%)
Student presentation (50%)
In the programs
- Exam form: Multiple (session free)
- Subject examined: International Finance
- Lecture: 28 Hour(s)
- Type: optional